The Pakistani rupee remained largely stable against the US dollar, depreciating 0.01% in the inter-bank market on Friday. At close, the currency settled at 278.05, a loss of Re0.01 against the greenback. On Thursday, the rupee had settled at 278.04, according to the State Bank of Pakistan (SBP).
Internationally, the yen jumped as much as 1% to a six-week high at 150 per US dollar on Friday, after faster than expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month.
The US dollar sagged against most major peers in trading thinned by the US Thanksgiving holiday, with sterling at the highest since Nov. 20.
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